Latest trends in Cryptocurrency

Must Read

An Insight into Custodial Death in India

“The occurrence of Custodial deaths in the world’s greatest democracy has raised the eyebrows of every citizen and shaken...

Implications in Travel Insurance in Light of the COVID-19 Crisis

As the world, today is crippled by this once in a century pandemic and as of date more than...

Second-Round Effects of Rent Control Laws: The Argentine Case

Introduction In colonial India, a city had an issue with its cobra population, which was a problem clearly in need...

Why Are the Big Techs of Silicon Valley Accused of Anti-Competitive Behaviours?

The big tech giants of the Silicon Valley are facing major challenges with relation to their monopolistic powers after...

KSK announces Sanjay Kumar as a Partner for Pharma & Life Sciences Practice

New Partner for KSK's Pharma & Life Sciences Practice King Stubb & Kasiva recently announced that Mr Sanjay Kumar has...

The Debate Between IPR and Competition Law Explained

There are various market processes or structures that govern market scenario. For simplicity, this paper focuses on two mechanisms:...

Follow us

This is an Expert Contribution from Adv. Kanishk Agarwal, Founder, CriTaxCorp (A Law Firm)

In today’s generation, every citizen has moved towards digitalization so cryptocurrency which is entitled as ‘utility settlement coin’ came with the new trend which helps in a secure transaction. It is playing a huge role in changing today’s economy. Cryptocurrency is a digital or anyone can say it is virtual currency that uses cryptography for security. It’s nearly impossible to counterfeit because of this security features.


The person who came up with the idea of cryptocurrency was Satoshi Nakamoto, the unknown inventor of Bitcoin. This Bitcoin was launched in 2009. Satoshi said he developed “A Peer-to-Peer Electronic Cash System”. The user has to use their credit or debit card to exchange fiat currency for Bitcoin or can mine bitcoin through mining process. A user can buy as less as up to 8-decibel points making it viable for any person to buy even with smallest of investment. After the request is sent from one user to another using the same is reflected in the blockchain network and the said transactions are approved by the “miners”, increase in transactions and mined coins makes the mining of the bitcoins even more difficult and requires more miners to join the network. The post-approval money will be taken from the user in exchange for Bitcoin. At the time of selling, the user can use same application as well in return of the cash value. Safety is no concern as there is cryptography which makes the transaction secure and safe. But to process Bitcoin is slightly difficult as the computer has to solve a difficult mathematical problem with a 64-digit solution this process is called hashing. After the problem is solved then, one block of Bitcoin is processed.  The success of Bitcoin has spawned a number of competing for cryptocurrencies.

India is expected to lead the world in generating this value, as we are a developing country with a billion plus population that can infuse a huge amount of capital and general interest into any cryptocurrency making it a hit overnight. We have already seen it with Bitcoin, which has suddenly found thousands of new buyers in recent months.

Initial Coin Offerings (ICOs)

ICO’s are one of the noticeable trends of cryptocurrency. These are user or consumer friendly and have shredded a new wave in cryptocurrency market. This has promoted game zone by specifying its promising attribute towards Game Protocol. The platform will provide game creators with the tools to advertise and distribute their work while allowing developers to raise funds to implement their projects. ICO as a new business model leveraging blockchain technology will sustain as the digital way, combining crowdfunding and new hybrid asset class of equity ownership and currency.

Various ICO’s are paving the way through a protocol which is followed through Eutherium. To understand it in layman terms Eutherium is like google play store and in order to post your apps (ICO’s) the code of Eutherium is to be followed.However, a lot of scams have also been witnessed in this area with companies launching ICO’s and duping away with bitcoins of people. It is also seen that Government is also having a stringent view on ICO’s and will come with stringent rules and regulation in regard to the same to protect the interest of people.

Denta Coin

It’s a blockchain concept designed for Global Dental Industry. It is used worldwide by every individual. Denta coins focus on improving dental care and making its position worldwide. It is listed on Coin market cap and is traded on the following international exchange platforms: Cryptopia, EtherDelta, Mercatox and Coinexchange. In India, Denta Coin collaborated with cryptocurrency exchange BuyUCoin for sale of their coins in India. A lot of people are also trying to understand the routes to launch ICO’s in India.

Mutual Funds and Hedge Funds

People are facing the issue with low-interest rates on fixed deposits (F.D.) and small saving secure investment. But with the market followers Mutual Fund comes in the market with many questions in the mind, such as ‘Is it safe to invest in Mutual Fund’?, ‘Aren’t they investing in stocks’. Cryptocurrency Hedge Funds such as God Coin, Icoshark are coming up which are investing in major initial coin offerings such as EOS, Tezos, Bancor, Tierion. Icoshark is managed by a group of experienced blockchain and financial industry experts and powered by sophisticated analytical instruments.There are now more than 120 Hedge Funds focused solely on Bitcoin and cryptocurrency.

Crypto Currency Consultant

There are various consultants who are advising the small time investors about which cryptocurrency to invest in and are earning the consulting fee as well as some % of profits to be made by them with no share in the downside. These consultants study the market and understand the applicability of different alt coins and suggest as per their knowledge and experience in the crypto industry

Trading in cryptocurrency has surged because of extraordinary returns. These returns have paved a way for a lot of startups to mushroom and use the blockchain technology in various different manners, however; most are still hovering around buying/selling of Bitcoin per se. Even a lot of banks have accepted and adopted the blockchain technology innovated by Ripple and that is also one of the reasons that its price has surged 84% in one day this week.No doubt, government is yet to give its verdict on cryptocurrencies like Bitcoin and recent action of surveying activities by IT department yesterday on 9 exchanges in India is also an indication that government is becoming pro-active and is looking into the subject. To conclude blockchain technology surely looks promising, however, crypto currency regulations are to be formulated by the government which will decide how these trends are to shape in future.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Delhi HC: Mens Rea Essential Before Passing an Order U/S 14b of EPF Act

  In the matter of M/s Durable Doors and Windows v APFC, Gurugram, the bench allowed the Petitioner's appeal holding that mens rea is an...

Delhi HC: Language of Statement and Testimony of Complainant Need Not Be Identical

A single-judge bench of J. Vibhu Bakhru of the Delhi High Court upheld the accused's conviction in Kailash @ Balli v State. The bench...

COVID Results Shall Be Conveyed To the Person Within 24 Hours: Delhi High Court

The order has come in a writ petition moved by Rakesh Malhotra. The Petitioner herein seeks to ramp up testing facilities in Delhi.   Facts of...

Delhi High Court Sets Aside the Order of the Trial Court in the Chief Secretary Assault Case

In the case of Mr. Arvind Kejriwal & Anr. V. State NCT of Delhi, Mr.Justice Suresh Kumar Kait has set aside the 24.07.2019 Order...

Delhi High Court Temporarily Restrains Vintage Moments’ Alcohol Sale in Case of Trademark Infringement

The manufacturers of the Alcohol Brand Magic Moments had filed a suit. The Delhi High Court has passed an order restraining the manufacturing, marketing,...

NGT Red-Flags Kaleshwaram Project: Green Clearance Violated the Law, Halt Work

Excerpt The National Green Tribunal (NGT), Principal Bench, dated 20th October 2020, directed the Telangana government to stop all work, except the drinking water component...

There Can Be No Leniency Shown To Appellant Who Pleaded To Reduce Sentence: Delhi High Court

Facts On 25.2.2016 the victim’s sister who was 13 years old was present with her sister who was 2 years old (victim) at their home....

Violation of Executive Instructions Cannot Be Sole Ground to Invalidate Transfer Orders: Tripura High Court

In Dr Bithika Choudhury vs the State of Tripura & Ors., a Division Bench consisting of Hon’ble Justice S. Talapatra and Hon’ble Justice S.G. Chattopadhyay...

Case Regarding Anticipatory Bail, Applicant May Be Released Imposing Suitable Conditions: Gujarat High Court

A Single-Judge Bench of Gujarat High Court consisting of Honourable Dr Justice A.P. Thakur had been hearing submissions of the Applicant to release him...

Proof of Infliction of Fatal Injury Not Mandatory for Conviction Under Section 307, IPC: Tripura High Court

In the case of Mamin Miah vs the State of Tripura, a Division Bench consisting of Hon’ble Justice S. Talapatra and Hon’ble Justice S....

More Articles Like This

- Advertisement -